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Bitcoin Shoots Past $7,300 As New Bullish CEO Takes Over Goldman Sachs

July 17, 2018

The price of Bitcoin has surged more than 7% in a matter of moments, currently standing at $7,378 on WorldCoinIndex at time of publishng.

The surge follows a series of positive developments in the world of Bitcoin and cryptocurrency.

The latest development comes from Goldman Sachs, whose new chief executive officer is a big fan of cryptocurrency.

According to Bloomberg, CEO David Solomon confirmed Goldman is already offering clients publicly-traded Bitcoin derivatives. “We are clearing some futures around Bitcoin, talking about doing some other activities there, but it’s going very cautiously,” said Solomon. “We’re listening to our clients and trying to help our clients as they’re exploring those things too.”

The news follows revelations that billionaire investor Steve Cohen is investing in Autonomous Partners, a “new hedge fund that is acquiring both cryptocurrencies and equity in blockchain-related companies,” according to Fortune.

The world’s largest asset manager BlackRock, which manages $6.3 trillion in assets is also reportedly investigating a possible entry into cryptocurrency markets.

Meanwhile, leading US cryptocurrency exchange Coinbase is bringing Wall Street money into the market with the launch of Coinbase Custody. The company also just qualified to operate as a broker-dealer and can now offer crypto securities.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.